CBDCs


China tests cross-border digital currency links

PBoC tests cross-border digital currency links

(ATF) People's Bank of China (PBOC) has joined a digital currency cross-border payment project with several other central banks, which is seen as an important step by China’s central bank to boost the digital yuan’s reach. In a statement posted on the PBoC’s website on Wednesday, the bank said its …

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OCC ruling signals more innovation for stablecoins, CBDCs

OCC ruling signals further innovation for stablecoins, CBDCs

(ATF) The Office of the Comptroller of the Currency released a letter on January 7 announcing that US banks are now allowed to participate in public decentralized networks and use stablecoins to conduct payment settlements. The letter also added that banks under the jurisdiction of the OCC – which is …

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Fintech gets Covid tailwind 

Fintech gets Covid tailwind

(ATF) Regulatory challenges, the rise of bitcoin and accelerated digitalisation will mark the year ahead for fintech as legacy systems and manual processes will be under huge pressure to keep up and Covid-19 “fixes” and “workarounds” will be adapted as standard business processes.Fintech – technology used to support or enable …

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Carrie Lam’s cash stash and the future of the dollar

Carrie Lam’s cash stash and the future of the dollar

(ATF) The next time China boasts about the growing global clout of the renminbi, ask yourself why Carrie Lam is gradually disappearing under a mountain of banknotes.The Hong Kong government’s chief executive can’t have her salary of about HK$5 million a year ($640,000) paid into the bank because, well, she …

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S&P; Dow Jones Indices to launch crypto indexes in 2021

S&P Dow Jones Indices to launch crypto indexes in 2021

S&P Dow Jones Indices, a division of financial data provider S&P Global, said on Thursday it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class. The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on …

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Answers to rampant rumours about the digital yuan

Answers to rampant rumours about the digital yuan

(ATF) Speculation about China’s digital yuan has been rife all year. At present, the digital yuan is being tested in Shenzhen, Suzhou and other places, but to most of the country's 1.4 billion people it is still a mystery.In the China Financial Stability Report (2020) released on November 6, the …

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